Investments

Friday, February 12th 2021 - 09:18 UTC
RRS Sir David Attenborough begins sea trials around the Irish Sea

Falklands flagged RRS Sir David Attenborough will spend the next two weeks testing anchoring, maneuvering, and dynamic positioning, as well as other engineering systems, such as freshwater making, that cannot be tested while in port. The trials will primarily take place in and around the Irish Sea, although some may take place on the West Coast of Scotland and the Celtic Sea.
Wednesday, February 3rd 2021 - 09:20 UTC
Brazil industrial production down 4,5% last year, auto and clothing worst hit

Brazil’s industrial output plunged by 4.5% last year as the coronavirus pandemic battered Latin America’s largest economy, particularly the auto and clothing industries, the national statistics institute reported on Tuesday.
Wednesday, February 3rd 2021 - 09:03 UTC
Amazon Jeff Bezos to become executive chairman and Andy Jassy the next CEO

Jeff Bezos is stepping down as CEO of Amazon later this year, the company said on Tuesday, 30 years after holding that role. The online company said he'll be replaced in the fall of 2021 by Andy Jassy, who currently runs Amazon's cloud business.
Tuesday, February 2nd 2021 - 09:10 UTC
UK will formally apply to join the Trans Pacific Partnership

The United Kingdom will formally apply to join one of the world’s largest free-trade areas, deepening trade ties with some of the fastest-growing markets in the world. International Trade Secretary Liz Truss will speak to ministers in Japan and New Zealand to request to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), with formal negotiations set to start this year.
Saturday, January 30th 2021 - 09:40 UTC
Falklands new port will require 900,000 tons of stone

Falkland Island lawmaker, MLA Roger Edwards, portfolio holder for Public Works spoke about the ongoing project for the new port to replace FIPASS, (Falklands Interim Port and Storage System) and the resources it will require, among which some 900,000 tons of stone.
Saturday, January 30th 2021 - 09:09 UTC
Novartis to help Pfizer with manufacturing capacity to boost production

The Swiss drugmaker Novartis has signed an initial agreement to provide manufacturing capacity for Pfizer and Biontech's COVID-19 vaccine, a move aimed at helping boost production as supplies fall shy of demand.
Friday, January 29th 2021 - 08:30 UTC
Falklands new ITQ system, motivates launch of new joint venture, Polar Seafish

Two Falkland Islands companies, Seaview and Seafish, announced the formation of a new joint venture fishing company named Polar Seafish Ltd – a merger of Polar Ltd and Nova Seafish Ltd.
Wednesday, January 27th 2021 - 09:20 UTC
China recovers pre-pandemic growth and is expected to expand 8,1% in 2021 and 5,6% in 2022, IMF

IMF projects China's economy will grow 8.1% in 2021 and 5.6% in 2022. The global growth is expected to be 5.5% in 2021 and 4.2% in 2022 after an estimated 3.5% contraction in 2020, according to the latest World Economic Outlook (WEO) released on Tuesday.
Wednesday, January 27th 2021 - 09:00 UTC
Maersk appoints commercial director for Brazil, Argentina, Uruguay and Paraguay

A.P.Moller-Maersk announced the arrival of Douglas Piagentini as its new commercial director for the East Coast of Latin America made up of Brazil, Argentina, Uruguay, and Paraguay.
Wednesday, January 27th 2021 - 08:55 UTC
Maersk Essen, en route from China to Los Angeles lost 750 containers

At least 750 containers were lost from the ship Maersk Essen during its journey between the Port of Xiamen, in China, and Los Angeles, in the United States. According to the maritime consultancy WK Webster, the incident occurred on January 16 and was allegedly caused by the fact that the ship faced adverse weather conditions during navigation.